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Further Rise in the Industrial Producer Price Index
Prices for industrial goods continue their upward trend: +5.1% in April 2011 compared to April 2010.
June 17, 2011
Vienna Stock Exchange with Satisfying Results and Changes in the Supervisory Board
Heimo Scheuch and Andreas Brandstetter will succeed Wolfgang Reithofer and Konstantin Klien in the Supervisory Board of Wiener Börse AG and its parent company CEESEG AG.
June 16, 2011
Labor Market Continues Strong Development
The number of employed, vacancies, and full-time jobs increased in the first quarter of 2011. The feared inrush of job seekers from Eastern Europe did not materialize.
June 16, 2011
Inflation Rate Decreased Slightly in May 2011
The Austrian inflation rate fell from 3.3% in April to 3.2% in May 2011. Mineral oil and food products remained the main price drivers.
June 16, 2011
Record Loss for A-Tec in 2010
The insolvent company reported a loss of € 585m. Nonetheless, CEO Kovats sees a positive development and remains optimistic.
June 15, 2011
Palmers on the Way Back to Black Figures
The Austrian lingerie group’s results are still negative due to the acquisition of Lejaby. An expansion of the Palmers brand is planned in Germany and CEE.
June 15, 2011
Majority of Enterprises Satisfied with Business Development
According to the Economic Chamber’s business barometer, the climate for investments has improved further. Enterprises worry about labor force availability.
June 15, 2011
Further Increase in Construction Cost in May
Construction cost index in May 2011: +0.5% compared to the previous month, +1.5% year-on-year.
June 15, 2011
IMF Calls for More Ambitious Budgetary Consolidation
Austria was asked to make higher efforts to reduce its debt. The IMF recommends savings in the pension and health care systems as well as lower state subsidies in next year’s budget.
June 14, 2011
Stagnating Level of New Bank Lending
Loan development in the first quarter: increase in long-term lending, but decline in total corporate lending volume.
June 10, 2011
Miba Continues Its Growth Course
The Austrian component supplier’s level of orders reached a peak of € 260m. Sales increased by 41.5% to € 138.7m in the first quarter.
June 10, 2011
GDP Growth Lower than Expected
Instead of 1.0%, the growth rate in the first quarter was only 0.9%. A plus of 4.2% year-on-year was registered.
June 10, 2011
Further Rise in New Car Registrations
Registrations of new motor vehicles in May 2011: +19.7%; passenger cars: +18.4%, lorries: +25.3%
June 10, 2011
Massive Drop in Trading at the Vienna Stock Exchange
Trading volume slumped by 42% to € 4.4bn as a result of the new capital gains tax on securities. The proportion of Austrian investors fell to 26%.
June 9, 2011
Nuclear Power Phase-Out Will Cost Austria € 600m
According to calculations by E-Control, Germany’s decision to close down its nuclear power plants will affect the Austrian economy.
June 9, 2011
AUA: Broken Al-Jaber-Deal Has Consequences
One former and one current board member of the airline were sentenced to penalty payments for not having provided information to the shareholders.
June 9, 2011
Kapsch TrafficCom Records Strong Growth in 2010/11
The Austrian technology group reported the best result in its history in the last year. EBIT almost doubled to € 48.9m.
June 8, 2011
Economic Growth Is Based on Households and Exports
In 2010, Austrian economic output grew stronger than the Eurozone average. GDP amounted to € 284bn.
June 8, 2011
Slight Drop in Wholesale Prices
Austrian wholesale price index in May 2011: -0.9% against April 2011, +8.1% against May 2010. Main drivers were cereals, fertilizers and coffee.
June 8, 2011
Strong Growth in Foreign Trade in the First Quarter of 2011
Austrian imports and exports increased by 22% in the first three month of the year. In March, trade volume amounted to more than € 11bn in both directions.
June 7, 2011
ÖBB: Opposition to Privatization Plans
Austrian Finance Minister Maria Fekter has sparked a debate about the railway company’s future. Her plans have been criticized from many sides.
June 6, 2011
CEO of Verbund Expects Steady Increase of Electricity Price
Anzengruber demands faster approval procedures for the expansion of infrastructure in order to keep prices on an affordable level.
June 1, 2011
Austria Has 37,000 Dollar-Millionaires
Global wealth has grown by 8% in the last year. Austria is found among the countries with the highest concentration of millionaires.
June 1, 2011
Further Decline in Unemployment Rate
Compared to May 2010, the number of unemployed persons decreased by 2.5%. In April, Austria recorded the lowest rate among all EU countries.
June 1, 2011
Hirsch Servo Still in the Red
The Austrian machine manufacturer and packaging supplier improved its results in the first three quarters of the financial year. Operational turnaround is still planned for 2010/11.
May 31, 2011
Bank Austria: Austrian Industry Cooling Down
Growth of industrial production has slowed down in Austria, especially in the export sector. Job creation is still on a high level, but also losing pace.
May 31, 2011
Rail Freight Transport Increased in 2010
The volume of goods transported on Austrian railways increased by 8.9% in the last year. However, it is still below the level of 2008.
May 31, 2011
Strabag Raises Outlook for 2011 and 2012 after Solid Q1
The Austrian construction company increased its output volume by 26% in the traditionally weak first three months of the year. Operating result improved marginally to € -145.38m.
May 31, 2011
Strong Growth for voestalpine in 2010/11
The Austrian steel company increased its operating result by 180% to € 984.8m. Annual profit tripled to around € 600m.
May 31, 2011
Decreasing Output in Austria’s Construction Industry
Output of construction of buildings and civil engineering decreasing by 8.6% in January and February 2011. Increase in volume of orders in construction of buildings cannot compensate for decline in civil engineering at the end of February 2011.
May 30, 2011
Austrian Industrial and Construction Turnover Up by 14.7%
Opposing production trends in industry and construction in February 2011; turnover +14.7%. Automotive industry and metal industry are dominant factors.
May 30, 2011
C.A.T. oil: Results Influenced by Diversification into Third Core Business
The Lower-Austrian provider of oil and gas field services registered a net loss of € 1m due to high tax expense. Revenues increased by 29.4% yoy to € 61m.
May 30, 2011
Volume in Road Freight Transport Decreased by 1.7% in 2010
According to calculations by Statistics Austria, road freight transport has still not recovered from the crisis. VCÖ, by contrast, counted more trucks on Austrian roads.
May 27, 2011
Purchasing Power Parities 2011 from the Austrian Perspective
US travelling is cheap due to the strong euro. Austrians have high purchasing power advantages of around 50% in the Czech Republic, Slovakia and Hungary.
May 27, 2011
Warimpex: First-Quarter Loss Widens
The Austrian real estate company’s loss increased from € -0.7m to € -3.0m in the first quarter of 2011. EBIT fell from € 2.9m to € -0.3m.
May 27, 2011
Swiss Expert Criticizes Austria’s Role in International Money Laundering
OECD expert: “Austria is used as a gateway for international money laundering. It is doing too little to fight the phenomenon.” Only twelve convictions were made in 2009.
May 26, 2011
Slight Decline in OeNB’s Profit in 2010
The Austrian national bank's operating profit came to € 291m in the previous year. € 269m will be paid to the central government.
May 26, 2011
Exports on Track for New Record
New highs of Austrian exports are expected in 2011 and 2012. The growth rate was 24.2% in the first two months of the year.
May 26, 2011
EVN: 12% Drop in First-Half Net Income
The Austrian energy company recorded a substantial drop in group net income, mainly due to a 30.9% decline in the financial result.
May 26, 2011
Flughafen Wien Group: 4.8% Increase in Net Profit
Revenue: plus 6.9% to € 131.5m, net profit: € 19.8m. Traffic: plus 5.5% to 4.1 million.
May 26, 2011
RBI’s Results Above Expectations
The Austrian bank’s consolidated profit fell by 19.1% to € 270m, while analysts expected a decline to only € 253m. Net provisioning for impairment losses went down by 35.9%.
May 26, 2011
Austria’s Economy Is Growing Faster Than Expected
The Austrian economy has grown faster than expected. The OECD raised its growth forecast to 2.9%.
May 25, 2011
Mixed Quarterly Results for KTM
The Austrian motorcycle manufacturer reported significantly higher sales in the first three months of the year. EBIT, however, decreased by 78% year-on-year.
May 25, 2011
Uniqa Records Premium Growth in All Regions and Segments
The Austrian insurance group increased its IFRS premiums written by 3.0% to € 1.8bn in the first quarter of 2011. The group profit grew by 17.2% to € 27m.
May 25, 2011
SW Umwelttechnik Still in the Red
The Austrian technology company reported a slight increase in revenue. EBIT improved from € -2.9m to € -2.5m.
May 25, 2011
Electricity Price Index (ÖSPI) to Increase in June
The electricity price index for June 2011, calculated by the Austrian Energy Agency (Österreichische Energieagentur), indicates that prices of electric energy will rise.
May 25, 2011
CA Immo: Initial Consolidation of Europolis Prompts Sharp Rise in Earnings
The figures for the first quarter of 2011 show a strong rise in earnings following the inclusion of Europolis into the consolidated accounts of the Austrian real estate group.
May 25, 2011
Rosenbauer Slightly Below Expectations
The Austrian company manufacturing fire fighting vehicles reported revenues of € 107.3m in the first quarter of 2011. Analysts expected € 108.5m.
May 24, 2011
Surprisingly Good First Quarter Results for ÖBB
The Austrian Federal Railways achieved earnings of € 4.2m before tax in the first three months of 2011. For the full year, however, the company still forecasts a loss.
May 23, 2011
Slight Decline in Used Car Registrations
Registrations of used motor vehicles in April 2011: -4.8%; passenger cars -5.7%, lorries -8.8%.
May 20, 2011
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